What’s next for the reinsurance market as Monte Carlo approaches?
Conference season is here, and reinsurers are preparing to descend on Monte Carlo for the annual Rendez-Vous de Septembre: the traditional starting gun for 1 January renewal discussions.
In this week’s Behind the Headlines, Aon Reinsurance Solutions international CEO Alfonso Valera says an influx of reinsurance capital has tipped the scales firmly in buyers’ favor.
His colleague, Steve Hofmann, CEO of Americas, highlights the resilience of reinsurer performance, with carriers absorbing the major California wildfire loss and still reporting underwriting profits.
Plus, Insurance Insider US director of research Amit Kumar breaks down Sompo’s $3.5bn acquisition of Aspen in our news review.